Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

OSHA Recordable Rate

Economy Term

OSHA Recordable Rate is a term used in the Occupational Safety and Health Administration (OSHA) regulations to define the number of work-related injuries or illnesses that have occurred in a workplace. It is an important measure used by employers to assess the safety and health of their workplace.

The OSHA Recordable Rate is calculated based on the number of recordable injuries or illnesses that occurred during a specific time period (usually one year), divided by the total number of hours worked by employees during that same period. This rate is expressed as the number of incidents per 100 full-time employees.

The purpose of calculating the OSHA Recordable Rate is to help employers identify potential hazards or safety issues within their workplace, as well as to track their progress in reducing the number of workplace injuries and illnesses. By keeping this rate as low as possible, an employer can ensure a safer and healthier work environment for their employees.

In the industry, the OSHA Recordable Rate is used to compare workplace safety among different employers and industries. It is an important benchmark used to evaluate an employer*s safety performance and determine the effectiveness of their safety programs. By reducing the number of workplace injuries and illnesses, employers can also save money on medical expenses, workers* compensation claims, and lost productivity, leading to a more efficient and profitable business.

More Glossary Terms Beginning with O

Off-Label
Use of a drug for a disease or condition other than the indication for which it was approved by a regulatory authority, such as the FDA or EMEA.

Health Care Term Letter: O
On Balance Volume OBV
The concept behind the indicator: volume precedes price. OBV is a simple indicator that adds a periods volume when the close is up and subtracts the periods volume when the close is down. A cumulative total of the volume additions and subtractions forms the OBV line. This line can then be compared with the price chart of the underlying security to look for divergences or confirmation. A rising vol

Technical Indicator Letter: O
Oncology
Branch of medicine which studies the characteristics of tumors, their classification, diagnosis and therapy.

Health Care Term Letter: O
Open Pit Mine
A mine that is entirely on the surface. Also referred to as an open-cut or open-cast mine.

Manufacturing Term Letter: O
Open-label Clinical Trial
A trial in which both the treating physician and the patient know whether they are receiving the experimental treatment or control/placebo treatment.

Health Care Term Letter: O
Operating Cost Per Available Seat Mile Cost Per ASM CASM
Represents operating expenses divided by Available Seat Mile ASMs. Airline Industry

Transportation Term Letter: O
Operating Income Growth Rates
The percentage of Operating Income change within a specific period (Y/Y year on year; Seq sequential, from proceeding period; TTM trailing twelve months).

Fundamental Analysis Letter: O
Operating Margin
The measurement of profitability, Operating profit margin represents proportion of Operating income (total sales less operating costs) to total sales. Operating Margin Formula = (Operating Income / Revenues) * 100

Fundamental Analysis Letter: O
Operating Profit Margin
The measurement of profitability, Operating profit margin represents proportion of Operating income (total sales less operating costs) to total sales. Operating Margin Formula = (Operating Income / Revenues) * 100

Fundamental Analysis Letter: O
Operating revenue yield per Available Seat Mile Average Yield per ASM
Represents the average scheduled flown passenger fare revenue for each available seat mile (ASM). Airline Industry

Transportation Term Letter: O
Option
The right, not the obligation, to execute a transaction at a designated price, generally involving equity interests, interest rates, currencies or commodities.

Financial Term Letter: O
Option ARMs Mortgage Loans
The option ARM residential real estate loan product is an adjustable-rate mortgage loan that provides the borrower with the option each month to make a fully amortizing, interest-only, or minimum payment. The minimum payment on an option ARM loan is based on the interest rate charged during the introductory period. This introductory rate has usually been significantly below the fully indexed rate.

Financial Term Letter: O

More in this Category

Advance monthly sales
The U.S. Census Bureau conducts the Advance Monthly Retail Trade and Food Services Survey (MARTS) to provide an early estimate of monthly sales by kind of business for retail and food service firms located in the United States. Each month, questionnaires are mailed to a probability sample of approximately 5,000 employer firms selected from the larger Monthly Retail Trade Survey (MRTS). Firms respo

Economy Term
Affiliate
means with respect to any entity, an entity that is controlled by a other company although the other company owns less than a majority of the other entity.

Economy Term
Agents and Brokers
Persons or organizations that act as a representative for others in negotiating contracts, purchases, or sales. Agents and brokers typically earn a commission or fee for their services and do not take possession of, or title to, any goods.

Economy Term
ARPU
Average revenue per user

Economy Term
Balance of payments
Record of transactions between U.S. residents and foreign residents during a given time period. Includes transactions in goods, services, income, assets, and liabilities. It is broken down into the current accounts (international), capital accounts (international), and financial accounts (international).

Economy Term
Balance on current account
Current receipts from the rest of the world less current payments to the rest of the world, formerly called "net foreign investment." Current receipts equal exports of goods and services plus income receipts from the rest of the world; current payments are the sum of imports of goods and services, income payments to the rest of the world, and current taxes and transfer payments to the rest of the

Economy Term
Balance on goods and services
Record of the difference between exports of goods and services and imports of goods and services. In the broad sense, this balance is conceptually equal to net exports of goods and services, which is a component of gross domestic product (GDP).

Economy Term
Bonded Warehouses Manufacturing
Warehouses that are authorized by the United States Customs for storage or manufacturing of goods on which payment of duties is deferred until the goods are removed into Customs Territory. These goods are not subject to duties if reshipped to foreign points.

Economy Term
Brokers
Persons or organizations that act as a representative for others in negotiating contracts, purchases, or sales. Agents and brokers typically earn a commission or fee for their services and do not take possession of, or title to, any goods.

Economy Term
Business sector
All corporate and noncorporate private entities organized for profit and certain other entities that are treated as businesses in the national income and product accounts (NIPAs), including mutual financial institutions, private noninsured pension funds, cooperatives, nonprofit organizations that primarily serve businesses, Federal Reserve banks, federally sponsored credit agencies, and government

Economy Term
CE-marked
A compliance symbol indicating that a product meets the requirements of the European Union (EU) directives that apply to that product. CE stands for Conformit?e Europ?enne, which means European Conformity.

Economy Term
CFTC Commodity Futures Trading Commission
Commodity Futures Trading Commission, an independent agency with the mandate to regulate commodity futures and option markets in the United States.

Economy Term